GEELY AUTO (00175.HK) -1.180 (-5.230%) Short selling $514.54M; Ratio 20.295% 's 1Q26 net profit reached RMB4.2 billion, down 27% YoY but up 18% QoQ, according to a UBS research report. Excluding one-off gains and losses like foreign exchange impacts, core net profit would have soared by 30% QoQ or 31% YoY to RMB4.6 billion.Benefiting from improved sales volume and margins, GEELY AUTO's 1Q26 net profit accounted for 21% of the market's full-year forecast. UBS believes the results were better than market expectations.Related NewsJPM: BYD COMPANY (01211.HK), GEELY AUTO (00175.HK) and LEAPMOTOR (09863.HK) to Benefit from Rising Overseas Revenue ContributionIn addition, GEELY AUTO's 1Q26 sales volume reached 3.45 million vehicles, representing 21% of management's full-year target of 3.45 million units, while the exports of 640,000 vehicles accounted for 32% of the target. UBS believes the carmaker is progressing orderly toward its guidance, and overseas sales will have further upside potential.UBS has given GEELY AUTO a Neutral rating and a target price of HKD20.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)
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